Banks

Company Overview of ING-DiBa AG

Company Overview

ING-DiBa AG operates as a retail bank primarily in Germany. It offers current accounts, savings and time deposits, term deposits, mortgage and consumer loans, and securities business services, as well as offers telephone and Internet banking services. The company also provides corporate lending, export financing, payment transaction, financial market, structured finance, and commercial real estate financing services; and property and asset management services. It also has operations in Austria. The company was founded in 1965 and is headquartered in Frankfurt am Main, Germany. ING-DiBa AG is a subsidiary of ING Deutschland GmbH.

ING-DiBa AG Key Developments

ING-Diba reported earnings results for the full year of 2014. For the period, the company announced its pretax profit in 2014 soared by 29% to EUR 888 million.

Societe Generale Reportedly Mulls Stake In DAB Bank

Jun 19 14

Societe Generale Group (ENXTPA:GLE) is eyeing a deal with UniCredit Bank AG to acquire stake in DAB Bank AG (XTRA:DRN), reported Manager Magazin. According to the reports, Societe Generale is mulling stake in DAB Bank. UniCredit Bank is pushing ahead with the sale of DAB Bank as UniCredit S.p.A. (BIT:UCG), parent of UniCredit Bank, seeks to restructure. The magazine added that in recent weeks, about 10 potential bidders have shown interest in DAB, including ING-DiBa AG, comdirect bank AG (XTRA:COM) and Cortal Consors S.A., as well as financial investors.

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